Namakwa Names Botoulas as New Chief Executive

RAPAPORT... Namakwa Diamonds' chief executive, Richard Collocott, has resigned and will be replaced by Theo Botoulas. The company did not provide a reason for Collocott's departure. Botoulas has more than 20 years experience in mining operations, asset management and the establishment of projects in junior-mining companies, according to the firm. Botoulas was the chief executive of Diamond Core Resources Ltd. from 2003 to 2008 and acting chief operations officer of Namakwa Diamonds from 2008 until he resigned in 2010.

Namakwa Diamonds also announced that Edward Haslam has resigned as the non-executive chairman of the board. Melissa Sturgess, who previously served as a senior independent non-executive director of the company, will replace Haslam as non-executive chairman.